Oklo price target raised to $58 from $27 at B. Riley

B. Riley raised the firm’s price target on Oklo (OKLO) to $58 from $27 and keeps a Buy rating on the shares. The firm’s now assumes deployment of 7 GW by the end of 2040, or half of Oklo’s 14 GW pipeline. The firm says that while work remains on the regulatory and fuel fronts, it has increased confidence based on the “RPower strategy” and strengthening macro backdrop, including robust U.S. policy support.